Mihir Doshi
Country Head, Credit Suisse
Today's stock market reaction was a knee-jerk one... Flow of funds without clarity is a real concern for the market regulator. I don't think the regulator is saying that foreign money cannot come in or hedge funds and other overseas entities cannot invest in the country.
Rajeev Malik
VP & SR Economist, JP Morgan Chase Bank, Singapore
If implemented as proposed, the measures appear harsh and will adversely affect net portfolio inflows. Several investors are wishing that there would be a meaningful rollback of the proposed measures, but they are likely to be disappointed
Siddharth Shah
Head of Funds Practice Group, Nishith Desai Asso
Hopefully, SEBI may be more open in introducing further reforms to the FII regime such as NRI/OCB participation issue, foreign corporate/foreign individual sub-accounts. In the long run this could end the uncertainty surrounding the offshore derivatives instruments.
Uday Kotak
VC & MD, Kotak Mahindra Bank
In the long term it's a move in the right direction, but it can have some short-term pain. Till foreign nationals can invest in the Indian market through an Indian broker, the regulator may look at registering more entities as FIIs for investing directly in the Indian market.
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